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Investing.com - JPMorgan raised its price target on Savers Value Village Inc (NYSE:SVV) to $11.00 from $9.00 on Monday, while maintaining a Neutral rating on the stock. The company, currently trading at $10.04, operates with annual revenue of $1.55 billion and maintains a healthy gross margin of 56.23%.
The firm placed SVV shares on Positive Catalyst Watch ahead of the company’s second-quarter earnings report scheduled for July 31, 2025. According to InvestingPro data, net income is expected to grow this year, though 2 analysts have recently revised their earnings expectations downward.
JPMorgan cited expected strength in the US segment, which it considers a secular beneficiary, as the primary reason for the price target increase.
The firm raised its second-quarter same-store sales and earnings per share estimates above consensus expectations based on its research.
JPMorgan also flagged a potential third-quarter upside opportunity to double consensus same-store sales across US and Canada operations, attributing this to improved inventory and processing execution.
In other recent news, Savers Value Village reported a net loss for Q1 2025, with earnings per share (EPS) of -$0.03, which did not meet the forecasted $0.10 EPS. The company’s revenue for the quarter was $370 million, marking a 4.5% increase compared to the previous year. Despite the earnings shortfall, the company maintains an optimistic outlook with a full-year net sales target ranging from $1.61 to $1.65 billion. Additionally, Savers Value Village announced a secondary public offering of 15 million shares, facilitated by certain Ares Management (NYSE:ARES) LLC-affiliated funds and the company’s CEO. The offering includes an option for underwriters to purchase an additional 2.25 million shares. The company also plans to repurchase $20 million of its shares from the underwriters, funded by existing cash reserves. In another development, Northland analysts initiated coverage on Savers Value Village with an Outperform rating, setting a price target of $15. This reflects a positive view of the company’s business model within the thrift retail sector.
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